NINGBO COMMERCE BANK COMPANY LIMITED

Ningbo Tongshang Bank Co., Ltd

Ningbo Tongshang Bank Co., Ltd. (hereinafter referred to as "Tongshang bank") was established on April 16, 2012. It is a joint-stock commercial bank with independent legal personality and the first city commercial bank successfully restructured by foreign banks in China.

Bank profile

The predecessor of Tongshang bank, the former Ningbo International Bank, was established in Ningbo in March 1993. It is the first foreign-funded bank in Zhejiang Province. It has been engaged in NRA account business for nearly 20 years. It has many unique products and services in NRA account business. It has established cooperative relations with 414 banks in 152 cities in 64 countries. Its asset quality is excellent, and it has maintained no non-performing assets for seven consecutive years. Through restructuring, Tongshang bank has introduced many excellent new shareholders of state-owned enterprises and private enterprises, and has become a modern financial enterprise with strong shareholders and diversified equity subjects. On May 8, 2012, Shanghai Branch was approved to open; on June 29, 2012, RMB business was approved; on August 14, 2012, the head office was approved to move to the east new town; on September 12, 2012, Haishu sub branch was approved to open; on September 25, 2012, the opening ceremony of the head office business department and Haishu sub branch was held.